LONDON (Bloomberg): Vinci SA agreed to acquire control in Gatwick Airport for £2.9bil (US$3.7bil) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio.
The purchase of the 50.01% stake in London’s second-busiest airport from a group of investors including sovereign wealth funds from Abu Dhabi and Australia will be completed in the first half of 2019, Vinci said Thursday. Existing shareholder Global Infrastructure Partners will manage the remaining holding. Vinci shares gained 0.5% in Paris as of 10:53am.
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